Nvidia Falls Over 5% After Rally; Trump Tariffs on Semiconductors Loom

Nvidia shares dropped over 5% on Thursday, according to Barron's. The stock moves reversed some of Wednesday’s historic 19% rally after Trump paused some tariffs for 90 days. Morgan Stanley’s Joseph Moore maintained an Overweight rating and price target of over $160, citing Nvidia’s AI momentum and supply chain agility. Trump is still considering new semiconductor tariffs, and China may retaliate. The White House has reportedly delayed further restrictions on Nvidia’s H20 AI chip exports to China after CEO Jensen Huang pledged more U.S. investment.